Pharma BD Deal Intelligence

GlaxoSmithKline plc / Adaptimmune Therapeutics plc

2014 · Co-Development · $350M · Terminated

GSK's up-to-$350M, seven-year collaboration validated Adaptimmune's engineered TCR platform and seeded letetresgene autoleucel, but GSK ultimately wound the partnership down in 2024, closing out a decade-long bet on NY-ESO-1-directed cell therapy.

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jun 01, 2014 Pharmaceutical Technology Neutral

Adaptimmune and GSK entered a strategic collaboration for up to five programs including the lead NY-ESO TCR program, with cash payments of approximately…

Feb 02, 2016 FierceBiotech Bullish

GSK upsizes its bet on Adaptimmune, accelerating NY-ESO-1 SPEAR T-cell therapy toward registration trials in synovial sarcoma — raising potential program value…

Sep 07, 2017 GSK Newsroom Neutral

GSK exercised its exclusive option for the NY-ESO SPEAR T-cell program ahead of schedule, paying Adaptimmune ~£48M; program later returned to Adaptimmune in…

Source summaries from our enrichment pipeline; follow links for originals.

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GSK and Adaptimmune signed a strategic collaboration covering up to five engineered TCR cell-therapy programs led by NY-ESO-1, with potential payments up to $350M over seven years. The deal validated Adaptimmune's SPEAR platform and was the foundation for letetresgene autoleucel; ultimately wound down by GSK in 2024.

Key facts

Disease & market context

Synovial Sarcoma (NY-ESO-1+ soft tissue sarcoma)

900 US cases/yr

Disease Overview

Synovial sarcoma is an aggressive soft-tissue sarcoma driven by an SS18-SSX gene fusion, accounting for 5–10% of soft-tissue sarcomas and most often diagnosed in adolescents and young adults. Roughly 800–1,000 new US cases per year; ~70% express the cancer-testis antigen NY-ESO-1, making it a tractable TCR cell-therapy target.

Competitive Landscape

Synovial sarcoma is a rare, aggressive soft-tissue sarcoma with ~800–1,000 new US cases annually and a janus-faced therapeutic landscape: standard care relies on surgery, ifosfamide-based chemotherapy and pazopanib (Votrient) — none curative in metastatic disease. Cell therapy targeting NY-ESO-1, expressed in ~70% of synovial sarcomas, has emerged as the differentiated path. Adaptimmune's affinity-enhanced SPEAR T-cell letetresgene autoleucel (lete-cel, GSK3377794) generated a ~50% overall response rate and ~28-month median OS in early Cohort 1 patients, data which underpinned GSK's expanded 2016 collaboration and 2017 option exercise. The 2014 GSK–Adaptimmune deal — undisclosed upfront plus up to $350M+ in milestones across up to five SPEAR programs led by NY-ESO-1 — was the first major Big Pharma validation of engineered TCR therapy and the foundation of the lete-cel program. Competition has since intensified with Adaptimmune's own MAGE-A4 SPEAR therapy afamitresgene autoleucel (Tecelra), FDA-approved August 2024 as the first engineered TCR therapy in synovial sarcoma. GSK transferred the NY-ESO and PRAME programs back to Adaptimmune in 2022, effectively winding down the original deal.

Related deals — scored

DealYearValueOutcome
GlaxoSmithKline plc / Adaptimmune Therapeutics plc (this deal)2014$350M
GlaxoSmithKline plc / Theravance, Inc.2012$213M82
GlaxoSmithKline plc / Tesaro Inc.2018$5.1B79
GlaxoSmithKline plc / Pfizer Inc. (Consumer Healthcare Division)2018$12.7B76
GlaxoSmithKline plc / Novartis Consumer Healthcare JV2018$13.0B74
GlaxoSmithKline plc / ID Biomedical Corporation2005$1.4B64
GlaxoSmithKline plc / Vir Biotechnology Inc.2020$595M51

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